Live cattle futures are down 12 to 50 cents in the front months with April up 47 cents. There was some light cash trade picked up on Monday at $208 by the USDA in the Western Corn Belt. Light dressed action was noted in the North on Tuesday at $330. Tuesday’s Fed cattle online exchange saw no sales on the 2,052 head offered, with bids of $207 in NM and TX. Last week’s cash trade was $215-219 in the North, with $220-224 in the South.
Feeder cattle futures are back up $1.67 to $2.75 so far on Tuesday. The CME Feeder Cattle Index was down $3.34 to $336.38 on November 21. The weekly OKC feeder cattle auction had an estimated 3,302 head for sale, with feeders down $10-20 and calves down $20-40 early.
